Barnes & Noble (BKS) +8% premarket after Pearson (PSO) says it will invest $89.5M...
Friday, December 28, 2012, 9:04 AM ETBarnes & Noble (BKS) +8% premarket after Pearson (PSO) says it will invest $89.5M in Nook Media in exchange for a 5% equity stake. BKS says the strategic investment "will accelerate customer access to digital content by pairing [Pearson's] leading expertise in online learning with Nook Media's expertise in online distribution." Following the transaction, BKS will own 78.2% of Nook: Microsoft will own 16.6%.
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